Monero is cash, a tool, not a store of value.
Discussion
many good arguments to say that if it isn't both SoV and MoE it can't improve on what we have as to fiat vs PMs/Real Estate
but moneros think that privacy is all that matters and pay no attention to the onerous complexity they added to the protocol to achieve that
and i've thought through the matter of proof of work and concluded that the most valuable PoW coin inevitably gets the most miners and thus has the highest security, and therefore with SoV (onchain) and MoE (lightning) and strong security (SHA256) it's what everyone converges on, and that's not gonna change, and all those freaks coding monero stuff should think about helping us build better security into UTXO handling in bitcoin wallets, or, you know, GTFO
That's fine because Monero is both Sov and MoE, how do you know what moneros are thinking exactly ? I think we are united in the same goal, a digital P2P electronic cash (this word is important), and this require privacy where transactions are anonymous, if not, well your electronic money is not fungible like cash, and each coin is an NFT, not so great. Privacy is just the basic, This electronic cash need to be scarce, and that's fine because Monero is pretty scarce, the % of increase is even lower than Gold, even if there is no cap supply like Bitcoin, and honestly it's a good thing because Bitcoin need to rise in price or fee for miners to deal with halving, but at the end it lead to mining centralization whatever, if the price don't increase, fee need to increase, if fee increase, less transaction should happen, so the fee need to increase more and so and so... there is a break point where price stop to rise, fees go the moon, people stop use Bitcoin because it's too expensive, miners can't handle the bill and shut down, leading to even more and more centralization resulting in a monopoly for a few, which will comply to authority because of monetary incentive and the network became fucked by transactions censorship and government overtake behind the scene, deal with it now...
for the security concern, Monero use a different mining algo, ASIC resistant, BCH is concerned by what you are saying, but not Monero. You can have an infinite hashrate, if the majority of miners are compliant and censor transactions, your computer security is useless. If transactions are anonymous, miners can't target a specific blacklisted wallet...
Probably some Monero devs are also trying to improve Bitcoin privacy, maybe you are wrong with moneros, I mean we are not against Bitcoin, but there is huge privacy lack on Bitcoin and Monero fixe it (or is trying to), there is nothing wrong with that, it's not a war and shouldn't be, but it's very difficult to argue that you can have real privacy on Bitcoin because L2 rely on L1 after all, and if the L1 is traceable, it's something like building a castle on the sand, it doesn't work fine... maybe Bitcoiners should try to improve the L1 privacy first, then try to solve the scalability ? But I think you already know what will happen if Bitcoin become untraceable and it's not good for the price, there will probably be a shift in the narrative from the Government and Wall Street, considering this, Bitcoin is stuck, that's why we are seing ossification today and from many years.
The end will probably be Bitcoin to the moon but fully controlled, censored at will, no privacy given, KYC on chain and stuff like that... and there is Monero 🥂
There’s always a level of speculation when deciding a store of value and definitely it is subjective on the last instance
Neither is Bitcoin. Just because Saylor coined the term doesn't make it a SoV. It's like all the other terms he's pushing to make Bitcoin fit the narratives he and his friends want it to be. It's like the DCA bullshit. That's a term for institutions. cost averaging anything creates a "liquidation point" at which, when reached, an institution will have to make decisions to protect their (fiat) capital. For real Bitcoiners Bitcoin is already the exit strategy so THERE IS NO LIQUIDATION POINT meaning there is no reason to DCA.
To summarize, the 2nd generation of Bitcoiners needs a reality and moral check.
Why? who's printing monero like governments? There's a million different coins that can replicate what btc does. That's a form inflation, bitcoin is not its own isolated bubble anymore. There's very few coins that replicate monero functionality. It is scarce. and deliberately removed from exchanges.
This post shows you neither understand Inflation nor scarcity.